Lindeen Hosts Anti-Fraud Documentary Screenings Across State

csimt 2016, Press Release, Securities

Montana Fraud Tour

HELENA, MT – Commissioner of Securities and Insurance Monica J. Lindeen will host a series of event screenings of a made-in-Montana documentary highlighting investment fraud in the state, part of her ongoing effort to help Montanans protect themselves against fraud and steer clear of scams.

The documentary Gold Diggers: Investment Fraud in the Treasure State, tells the story of two of Montana’s most infamous investment scams in recent history: the Art Heffelfinger Ponzi scheme in Montana City and the Anne Schlenker investment theft in Bozeman. The event, which includes a complimentary meal for attendees, is funded by a grant from the nonprofit Investor Protection Trust (IPT).

“Scam artists continue to show up in Montana and find new ways to separate hard-working Montanans from their money,” said Lindeen.  “Modern-day gold diggers can make a life’s savings disappear in the blink of an eye. But the more you know about spotting fraud and where to turn for help and information, the less likely you are to be taken advantage of by a scam artist.”

The first event is in Plains on April 13. The tour will reach 28 Montana cities and towns over the next year.

There is no admission fee but seating at each screening is limited, and attendees are encouraged to make reservations by calling the Commissioner’s office at 1-800-332-6148 or online at www.csimt.gov/fraudtour.

Narrated by award-winning actor Bill Pullman, Gold Diggers tracks two recent cases of investment fraud in Montana that combined robbed dozens of Montana investors of more than $3 million, leaving victims in financial ruin.  The film features interviews with victims, securities experts, and the regulators and attorneys who investigated and prosecuted the two scams.

To learn more about Gold Diggers: Investment Fraud in the Treasure State, visit the Commissioner’s website at www.csimt.gov/fraudtour. To register for an event, visit www.csimt.gov/fraudtour or call the Commissioner’s office at 1-800-332-6148. To report suspicious activity or fraud, or to check if a broker or investment opportunity is licensed in the state, call the Commissioner’s office at 1-800-332-6148.

Lindeen’s office produced Gold Diggers with a grant from the Investor Protection Trust (www.investorprotection.org), a nationally-recognized nonprofit organization devoted to investor education. Since 1993 the IPT has worked with the States to provide the independent, objective investor education needed by all Americans to make informed investment decisions. All funding for the Trust comes from voluntary and court-ordered contributions from criminals who commit investment fraud. When the Commissioner’s office prosecutes cases of investment fraud, the Commissioner can request a contribution to the Trust as part of the settlement, but only after the victims are made whole and fines to the state have been paid. The IPT helps pay for the expenses associated with bringing the documentary across Montana, including meals.

View segments of the documentary.

Gold Diggers: Innocent Victims and Gold Diggers: Trust Betrayed

Investor Fraud Events (Spring 2016)

City Time Location Meal
Wednesday, April 13
Plains 11:45 a.m – 1:00 p.m. Plains Paradise Senior Citizens
205 Meany St
Lunch
Libby 5:30 – 7:00 p.m. City Hall Ponderosa Room
952 E Spruce St
Dinner
Thursday, April 14
Bigfork 12:30 – 2:00 p.m. Marina Cay
180 Vista Ln
Lunch
Polson 5:30 – 7:00 p.m. KwaTaqNuk
49708 US-93
Dinner
Wednesday, April 20
Kalispell 5:30 – 7:00 p.m. Hampton Inn
1140 US Highway 2 West
Dinner
Monday, April 25
Conrad 11:45 a.m. – 1:15 p.m. Senior Citizens Center
311 S. Virginia
Lunch
Shelby 5:30 – 7:00 p.m. Coyote Club
137 Main St
Dinner
Tuesday, April 26
Chester 11:45 a.m.-12:45 p.m. Liberty Community Senior Center
618 E Adams
Lunch
Havre 5:30 – 7:00 p.m. Eagles Club
202 1st St
Dinner
Wednesday, April 27
Malta 11:00 a.m.-12:30 p.m. Great Northern Hotel Lodge Room
2 S 1st St E
Lunch
Tuesday, May 17
Hysham 11:45 a.m. – 1:00 p.m. Treasure County Senior Citizens
306 Rapelje Ave
Lunch
Miles City 5:30 – 7:00 p.m. Sleep Inn & Suites
1006 S Haynes Ave
Dinner
Wednesday, May 18
Glendive 11:45 a.m. – 1:00 p.m. Glendive Senior Citizens
604 E Grant
Lunch
Sidney 5:30 – 7:00 p.m. Elks Lodge
123 3rd St SW
Dinner
Thursday, May 19
Plentywood 11:00 a.m. – 12:30 p.m. Sheridan County Courthouse Jubilee Room
100 W Laurel Ave
Lunch
Glasgow 5:30 – 7:00 p.m. Cottonwood Inn & Suites
45 First Ave NE
Dinner